Barbados’ 2018–19 Sovereign Debt Restructuring–A Sea Change?

Barbados’ 2018–19 Sovereign Debt Restructuring–A Sea Change?
READ MORE...
Volume/Issue: Volume 2020 Issue 034
Publication date: February 2020
ISBN: 9781513529967
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
paperback else
pdf else
epub else
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Investments and Securities-General , Public Finance , WP , debt , short-term debt , Barbados , long-term debt , result , debt restructuring , government debt , restructuring operation , debt sustainability , short term , Debt restructuring , Domestic debt , Treasury bills and bonds , Caribbean , Sovereign Debt , Sovereign Defaults , Sovereign Debt Restructuring , SOE debt , exchange offer , debt exchange , debt sustainability consideration , debt restructuring perimeter , CG debt , NPV gain , restructuring perimeter , debt restructuring process

Also of interest
August 2009 Working Papers
April 2010
March 2010
January 2010
Summary

This paper examines the causes, processes, and outcomes of Barbados’ 2018–19 sovereign debt restructuring—its first ever. The restructuring was comprehensive, featuring several rarely used approaches, including the restructuring of treasury bills, and the use of a retrofitted collective action mechanism. The debt restructuring has helped to set Barbados’ public debt on a clear downward trajectory. A sustained reform effort, maintaining high primary surpluses and ambitious structural reforms, will be needed to gradually reduce public debt from about 160 percent of GDP before the restructuring to the country’s 60 percent debt-to-GDP target.

Powered by: AIDC